India, March 13 -- Mark Carney will be sworn in as Canada's 24th prime minister on Friday morning. The announcement of the swearing-in ceremony was made by Governor General Mary Simon's office on Wednesday.

Prime Minister Justin Trudeau will submit his resignation prior to his successor assuming charge.

Carney, a former central banker who led the Bank of Canada and Bank of England, was elected leader of the Liberal Party of Canada on Sunday.

According to people aware of the matter, Carney may retain current ministers and among those likely to stay are finance minister Dominic LeBlanc, foreign affairs minister Melanie Joly, and industry minister Francois-Philippe Champagne.

59-year-old Carney comes to power at a time when US President ...